Rs 5-40 lakh bank surety imposed on builders to ensure STPs

18 Sep 2023 CW Team

In a significant move aimed at ensuring the proper functioning of sewage treatment plants (STPs) in housing complexes, the Goa State Pollution Control Board (GSPCB) has implemented bank guarantees ranging from Rs 5 lakh to Rs 40 lakh for builders involved in constructing more than 25 units within such complexes.

Mr. Mahesh Patil, Chairman of GSPCB, emphasized that the decision was prompted by numerous complaints from the public, highlighting instances where STPs within housing complexes became dysfunctional after builders handed over the properties to housing societies. To address this concern, the imposition of bank guarantees on builders has been deemed necessary to hold them accountable for the functionality of STPs.

Builders will be required to provide bank guarantees corresponding to the project's cost, which varies between Rs 5 crore to over Rs 500 crore. Patil further explained that builders will be obligated to furnish these bank guarantees at the time of applying for the consent to establish. During this stage, GSPCB officials will conduct on-site inspections of the complexes to assess the proper functioning of the STPs.

This proactive measure by the GSPCB is expected to promote accountability among builders, ensuring that sewage treatment facilities are not only installed but also maintained effectively, thereby contributing to environmental conservation and public health.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..